Productivity 4.0 / 5 based on 1 rating ? EconomicsProductivityGCSEOCR Created by: Becca-Created on: 08-06-15 16:36 Producing a limited range of goods and services Specialisation 1 of 10 One impact of competition Higher profits 2 of 10 One impact of competition Lower price 3 of 10 Increases human capital Training 4 of 10 Output per worker per period of time Productivity 5 of 10 Used to increase productivity Machinery 6 of 10 One impact of competition Lower average costs 7 of 10 A disadvantage of specialisation High training cost 8 of 10 Reason the quality would suffer in specialisation Boredom 9 of 10 Combining scarce resources to make an output Production 10 of 10
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